Ethereum News

Wouldn’t it be nice to earn interest on your crypto holdings? Especially in a down market, those hodling crypto would love that. And ethereum-based startup Compound is launching a product to do just that. Revealed exclusively to CoinDesk, Compound’s platform for allowing crypto enthusiasts to make their holdings available for short-term loans, in turn, earning…

An effort by the U.S. Congress to launch a task force investigating cryptocurrencies has been suspended. House Resolution 5036, a bill hoping to establish the “Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing,” was referred to the House of Representatives Wednesday for consideration. The bill, a seeming upgrade from one introduced by…

Chinese search giant Baidu has officially released a white paper through its new Blockchain Lab for its proposed XuperChain network. The company claims XuperChain will support more than 10,000 transactions per second through inter-chain parallel technology and a stereoscopic network, according to the white paper. The nodes of XuperChain use multi-core parallel calculations, maximizing the…

The world’s largest telecoms firm, AT&T, has become the latest major corporation to launch a suite of blockchain services targeting diverse industries. AT&T said in a news release Wednesday that the solutions – which are largely focused on supply chain processes – can help businesses automate and digitalize processes using blockchain tech. Citing use cases across industries…

The Austrian government is to use the ethereum blockchain to notarize the auction of a government bond worth €1.15 billion, or around $1.3 billion. The Federal Government’s Finance Agency (OeBFA) has assigned banking giant Oesterreichische Kontrollbank (OeKB) to carry out the auction on its behalf on Oct. 2, according to a finance ministry announcement Tuesday. The bank’s…

Angus Champion de Crespigny is an advisor to various companies and projects on bitcoin, cryptocurrency and identity infrastructure. He spent 11 years at EY, with the last four consulting on blockchain and crypto assets until his departure in August. Since 2015, while there has been a myriad of permissioned blockchain announcements from enterprises, questions have…

A U.S. judge has sided with the Commodity and Futures Trading Commission (CFTC) in a lawsuit involving an allegedly fraudulent crypto investment scheme, ruling that the cryptocurrencies involved are commodities for the purpose of the case. As CoinDesk reported in January, the CFTC charged two individuals and a Las Vegas-based business called My Big Coin Pay…

Bitcoin (BTC) is currently still being squeezed into a tightening range, with support at $6,300 being a key level for the bulls to defend, technical charts indicate. The leading cryptocurrency carved out a temporary bottom around $6,100 earlier this month and crossed resistance at $6,600 last Friday, confirming a double bottom bullish reversal. However, the…

Blockchain payments startup Veem has closed a $25 million funding round led by Goldman Sachs, it announced Wednesday. The firm, which rebranded from Align Commerce alongside another $26 million Series B raise in 2017, also saw participation in the new strategic round from investors including GV (formerly Google Ventures), Silicon Valley Bank, Kleiner Perkins and…

Bank of Communications, one of the four state-owned commercial banks in China, has completed a major issuance of residential mortgage-backed securities (RMBSs) using a blockchain network. China Securities Times, the mouthpiece of Chinese financial regulators, reported on Thursday that the banking giant issued a total of 9.3 billion yuan (or around $1.3 billion) worth of…